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UNITED states bankruptcy court FOR THE DISTRICT OF ALASKA In re: iliamna lakeshore condominiums, LLC, Debtor. Case No. A10-00440-DMD Chapter 11 MEMORANDUM ON AUTOMATIC STAY AND PROPOSED SALE Lake Iliamna is a large lake located southwest of Anchorage. It is not connected to any road system. Access is limited to air transportation. At some time.

U.S. bankruptcy law provides for an automatic stay of any legal process against debtors or their assets (except perhaps legal process involving criminal law or family law) while bankruptcy is pending, but because U.S. bankruptcy courts cannot cram down loans secured by primary residences, creditors are able to file motions for relief from the stay.

To date, members of the current Congress have proposed six bills. court proceedings. The AIA, passed less than four years ago, brought about sweeping changes to the patent system, including the.

This would tweak the existing bankruptcy provision known as Chapter 13 to allow judges to write down the value of a primary mortgage. Cramdown is already allowed for.

Lenders brace for QM Lenders have additional regulations which go into effect january 2014, i.e., QM’s/Ability-to-repay Lender’s compliance departments will have a different answer to the same question lenders brace for QM (Qualified Mortgage) Complex and confusing for lenders Other issues such as foreclosure Four government agencies.

Proposed legislation currently in the House and Senate would allow bankruptcy court judges to amend the loan terms of borrowers at risk of foreclosure. Congress is considering legislation that would allow bankruptcy court judges to rewrite loan terms for people at risk of losing their homes, a change that supporters say could save half a million borrowers from foreclosure through early 2009.

WSJ: Mortgage ‘Cram-Downs’ Loom as Foreclosures Mount By MICHAEL CORKERY Mortgage lenders who wake up Thursday with a New Year’s hangover are likely to face another headache soon: The effort to give bankruptcy judges the power to rewrite mortgages is gaining steam.

LinnCo, LLC. The LINN RSA sets forth, subject to certain conditions, the commitment of the LINN Debtors and the Consenting LINN Creditors to support a comprehensive restructuring of the LINN Debtors’ long-term debt (the “Restructuring”). On October 21, 2016, the Debtors filed a proposed Plan with the Bankruptcy Court.

On May 23, bankruptcy and financial scholars submitted a letter to members of Congress opposing the Financial CHOICE Act’s proposed replacement of the Dodd-Frank Act’s Orderly Liquidation Authority ("OLA") with a new subchapter of the Bankruptcy Code as the exclusive method for resolving failed financial institutions.